Liquid milk is the most widely consumed dairy product in India and is considered a vital source of essential nutrients required for proper functioning of the body. A recently released report by IMARC Group, titled “Liquid Milk Market in India: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, critically examines the Indian liquid milk market. The report finds that the market reached a value of around INR 4167 Billion in 2018, exhibiting a CAGR of 13.5% during 2011-2018. The major factor for the growth of the liquid milk market in India is the rapidly rising population due to which the consumption levels of liquid milk have witnessed a significant growth. Increasing incomes, large vegetarian population, rising standards of living and health consciousness among the consumers have also pushed the growth of the market in a positive direction. Most of the market is currently accounted by the unorganised sector. Growth rates of the organised sector, however, is faster than the unorganised sector. According to the report, the market is further expected to reach a value of nearly INR 9841 Billion by 2024, growing at a CAGR of 15.4% during 2019-2024.
The report has examined the Indian Liquid Milk Market in 15 major states:
For each of the states, the report provides a thorough analysis of the current and historical value and volume trends, market share of key players and market forecast. Currently, Maharashtra represents the largest market. It is followed by Uttar Pradesh and Andhra Pradesh. The competitive landscape of the Indian liquid milk market has also been covered in this report. Some of the prominent players operating in the market include GCMMF, KMF, Mother Dairy, TN Cooperative and Rajasthan Cooperative Dairy Federation Limited.
The study gives an in-depth analysis of the liquid milk market landscape in India, covering the current, historical and future trends for liquid milk production along with its prices. The report also offers SWOT, Value Chain and Porter’s Five Forces analysis of the Indian liquid milk market along with breakup by segment, region, and an analysis of the competitive landscape. The study is based on both desk research and multiple waves of qualitative primary research. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Indian liquid milk market in any manner.
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